X Empire

Catizen

According to a new report from Helika on Telegram games, engagement with NFTs and longer player sessions increased in Telegram’s gaming ecosystem during Q3 2024.
The number of unique wallets transferring NFTs surged from 200,000 to over 1 million during the quarter, per the report, with 600,000 wallets actively involved in <a href="https://crypto.news/tag/nft/" target="_blank" rel="noopener noreferrer nofollow">NFT</a> transactions within games.
Players also spend more time playing <a href="https://crypto.news/tag/Telegram" target="_blank" rel="noopener noreferrer nofollow">Telegram</a> games. The report <a href="https://www.helika.io/helika-ton-report-exclusive/" target="_blank" rel="noopener noreferrer nofollow">showed</a> that average session lengths nearly doubled from 2.8 to 6.7 minutes, suggesting that improved game design keeps users engaged.
Regional data indicates a shift in Telegram’s gaming audience compared to other <a href="https://crypto.news/tag/Web3" target="_blank" rel="noopener noreferrer nofollow">Web3</a> platforms, with 55.91% of players coming from Europe, in contrast to Asia and Latin America, where Web3 gaming traditionally thrives.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoins-next-big-move-hinges-on-us-election-result-qcp/"> Bitcoin’s next big move hinges on US election result: QCP </a>
<h2 class="wp-block-heading" id="increased-engagement-on-telegram-games">Increased engagement on Telegram games&nbsp;</h2>
Per the report, Catizen completed its first airdrops, distributing 34% of its total token allocation, which included 150 million tokens distributed in September 2024 alone. The airdrop increased activity, reflecting its integration into Telegram.
In September, Binance <a href="https://crypto.news/binance-lists-telegram-mini-app-game-catizen-on-launchpool/" target="_blank" rel="noopener noreferrer nofollow">listed Catizen</a> on the Binance Launchpool, allowing users to farm the gaming bot’s native token ahead of trading.
Like Catizen, <a rel="noopener noreferrer nofollow" href="https://crypto.news/animoca-brands-gaming-platform-gamee-secures-funding-from-pantera-capital/">Gamee</a> experienced a 300% increase in volume and transactions month over month, showing more players and engagement. X Empire attracted nearly 48 million players, with 18 million connecting their wallets to engage with the game’s features.&nbsp;
According to the report, Rocky Rabbit had 30 million players, and <a href="https://crypto.news/ton-ecosystem-game-banana-reaches-1m-users-in-72-hours/" target="_blank" rel="noopener noreferrer nofollow">Banana</a> reached 10 million users by October. Wonton users surpassed 1 million within its first week.&nbsp;
However, the report also highlighted challenges faced by developers as new games flood the platform. Small development teams struggle with limited marketing budgets and attracting users. Developers are expanding game genres and introducing a wider variety of experiences, such as simulations, RPGs, and puzzles, indicating that Telegram’s gaming ecosystem is evolving beyond simple, casual games.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/polymarket-users-jockey-over-50m-trump-coin-bet/"> Polymarket users jockey over $50m ‘Trump coin’ bet </a>

Telegram gaming sees NFT and user engagement boom in Q3 2024: report

Table of Contents

crypto.news

Other articles published on Oct 17, 2024

Crypto.com Takes Legal Action Against SEC Over Wells Notice

What is insider trading? Meaning, examples and penalties

Comparing The Best Online Payment Systems

Sui Network to Integrate AI, SUI Token Eyes New All-Time High

JPMorgan Analysts Reported on Bitcoin Miners: “They Have About 9 Months”

Radiant Capital Hit by Another Major Attack: Altcoin RDNT Suffers Sharp Decline!

Join our free newsletter for daily crypto updates!